Phillipsburg herald. [volume] (Phillipsburg, Kan.) 1882-1905, 1887-09-17
FIsANCE AND COaIaIERCE.
r. G. Dun q Cos. Regular Weekly Review

r. G. Dun & Cos. Regular Weekly Review
ofTrade.
NV YoRK, September 9.-R. G. Dun &
Co., in their weekly review Of trade says;
Commerce and industry has improved,
while speculation has slackened. A very
different result was expected when it was
announced a week ago that a syndicate had
undertaken to raise SIC, OGO, 600 for the Baltj-
more d Ohio and establish harmony between
the trunk lines. At first stocks rose an aver
age Of 81 share, but soon 1t was
seen that the borrowing Of mil
lions by great company did not
necessarily mean OF bring prosperity.
Heavy declines IN Baltimore q Ohio and
other stocks affected by the Ives failure fol-
lowed and a gradual reaction toward lower
prices and speculative inactivity has con-
tinued this week. On the other hand, eVi-
Legitimate business, with larger sales, larger
production and more wholesome feel
ing, even IN branches lately most
depressed. The Improvement IN the wooden
goods trade is clearly marked, though that
trade cannot yet be called active. Lower
prices for wool encourage manufacturers,
and the demand for goods IS brOadensng.
Distribution OF cOttOns continues large,
with especial demand for the bsst qualities
and manufacturers are relieved from the
fear OF speculative corners In material, the
new crop being undoubtedly large one,
though below early estIun aLes. IDisheartunenE
ing the collsumptive demand should depress
priSes is met by the fact thatthe best grades
are scarce and well maintained, though in
other grades and brands not we'll known
Is worked into forms for use are generally
pressed with orders. Bar iron has a good
demand. The orders for plate and tank iron
press works to their full capacity. Makers
of iron are crowded and the main
business Is slightly better. In steel rails,
though even the Thomas company sells at
$50 for winter delivery, and the yielding in
prices dIsheartens some makers. There is a
general disposition to shut out for
ign products, and facilities for pro-
duclng at lower cost are steadily IN
creasing. Wheat speculation seems to
have gone into bankruptcy, stagnation
ruling In spite of the reduction of Liverpool
freight rates to sd. The price has lifted
only an eighth the past week, while corn
and oats have risen 80, pork 25c per barrel
and lard 10c per 100 pounds. Oil has advanced
sc, producers we'll succeeding in limiting the
supply. Sugar shows tendency to boom,
having risen SO per hundred pounds, while
coffee Is sc weaker, high rates for money
affecting Brazil holders. Copper Is weaker,
with the opening Of the Calumet and Hecla
Mines and beef from heavy shipments
from the west. Large offerings Of tea at auc-
ton resulted IN moderate prices, and the rice
market Is improving IN activity. Supplies
of butter are very liberal and prices for
grades under extra are irregular. Evidence
of general improvement comes from nearly
all cities. Remarkably heavy distribution
of hardware and farmers supplies at Chica-
90 and st. Louis, with activity of banks, not
from speculative demands, and reports CT
increase IN shipments by railroads
from this city, promise satisfactory. returns
of all trade. Money is generally active at
interior points and collections fair. Large
supplies Of money from Europe, already
received and on the way, clear of heavy
loans which have tied up home capital, and
promise much relief. Failures at New Ha-
ven and Philadelphia have involved some
minor houses but do not indicate
especial weakness in any special branch of
trade. For the present signs favor a large
and profitable fall business, unless stringen-
cy should interrupt. The business failures
during the last seven days number, for
United States 1872; for Canada ., total of
ia, compared with 199 last week and 178 in
the same week OF last year.